Do you believe it? Sean Hannity has a lack of knowledge…

Sean, of course, is trying to make everyone think that Obama has done nothing on his 2008 campaign promise to help with increasing costs of student loans. The smug smile on his face shows that he doesn’t know what he’s talking about.

“New borrowers who assume loans after July 1, 2014, will be able to cap their student loan repayments at 10 percent of their discretionary income and, if they keep up with their payments over time, will have the balance forgiven after 20 years.”

Borrowers are allowed to consolidate some of their payments and save a half of a percentage point interest. (Republicans are now trying to double the interest rate in student loans.)

President Obama has done a great deal to remove the big bank corruption from the student loan program and has made the program more about actually helping students get an affordable education, not adding to corporate bottom line.

What has Obama done for students who have loans? More that Sean Hannity’s lying heart will ever be able to admit.

Rate this:

Share this:

Like this:

LikeLoading...

Related

About btchakir

Retired Theatre Producer, Graphic Designer, Usability Tester and General Troubleshooter with a keen interest in Politics and The Stage. Currently heard on WSHC, 89.7 FM (on line at www.897wshc.org) and occasionally dabbling in Community Theatre.

Why doesn’t this surprise me? All I know is my kids have been buried under student loans, and I feel really guilty about the whole thing. Especially, my daughter who had to take out a huge loan for law school. It’s taken over the last 15 years of her life. She finally got a job that might help her get unburied. But, in the meantime, in the last 15 years, she’s spent a lot of time stressing out about money. If I had it to do over, I would really discourage a 21 year old for committing herself to such a ridiculous loan.

If you just give Mr. Hannity the benefit of the doubt, he wasn’t talking about student loans in general but about this policy in particular. It was the Democrats who decided that loan rates should double right now, as even the liberal AP admits:

While Obama blames Republicans for voting against new ways to make college more affordable for middle-class families, it was House Democrats who cut interest rates on the school loans in 2007 and included an expiration provision that placed the looming increase in the middle of an election year.

The Democrats are trying to make it sound as if this were some new situation we should suddenly panic about, but the law on the books is the same as it has been since they put it there, in 2007. Mr. Hannity is saying that President Obama and his party could have tried to do something about this at any point in the last three years—especially while they controlled the White House and both houses of Congress—but chose not to make it an issue until now, during the presidential-election year.

So I think Hannity is on solid ground, if speaking imprecisely. (If we could see more than once sentence of context, he may not even have been speaking imprecisely, for all I know.) But if you want to talk about federal-government policy on student loans more generally—

“President Obama has done a great deal to remove the big bank corruption from the student loan program and has made the program more about actually helping students get an affordable education, not adding to corporate bottom line.”

In other words, the president pushed for a Marxist takeover of the student-loan industry, giving the government even more control over our lives. I don’t think it’s at all healthy for a democracy for the president to be able to say, in effect, Re-elect me or your interest rates will double. It sounds a little like the mob (If you know what’s good for you…). The government shouldn’t have that over us.

I didn’t agree with you before, but now that you’ve called me an asshole and a fascist, you must be right!

I’m not calling names, I accurately named a particular Obama-administration policy, based on your own description of it (“removing banks from the student loan processing business”, with the government stepping in and taking over that industry instead, naturally).

I like that you downvoted my comment and upvoted your own as soon as you posted it. Do you always deal with disagreement so well?

Bill Tchakirides

Would you believe that this old man in West Virginia was once a Broadway Producer, or a Commercial Food Photographer, or a Justice of the Peace, or a Font Designer, or even a Director of a major non-profit Arts Program on Cape Cod? Well, he was. Now he spends most of his time posting in the blogosphere and looking for things to do (retirement is a bitch).
- - -
A note about YOUR COMMENTS. I accept comments from all sides... but I reserve the right to eliminate comments with offensive (to me) language and comments which promote causes or situations I believe to be criminal or worse. Also, please limit your comments to no more than three insertions... I'm less than thrilled with the same argument on any subject repeated more than three times. Continued posts complaining about me or my views without presenting a polite argument will get you on my Spam list.

I cut unpaid advertising and absolute crap, too. Once you are cut and on the Spam list you are there forever. I don't even look at Spam posts, I just erase them... so please keep all arguments above board and avoid insulting the admittedly thin-skinned blogger, yours truly.

SPAMMERS:
Don't even bother to push your unpaid advertising disguised as comments on this blog. We are very good at keeping it off and the software we use to do so is terrific. If you want to advertise, send an e-mail to the owner (btchakir@mac.com) and he'll work out a financial arrangement for you.

If you want to e-mail Bill:

Click on the mailbox picture in any post.
_____________________

Subscribe to This Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Calendar

Blogsurfer.us

Blog Stats

886,565 hits

I am a Liberal

"Liberals got women the right to vote. Liberals got African-Americans the right to vote. Liberals created Social Security and lifted millions of elderly people out of poverty. Liberals ended segregation. Liberals passed the Civil Rights Act, the Voting Rights Act. Liberals created Medicare. Liberals passed the Clean Air Act, the Clean Water Act.
What did Conservatives do? They opposed them on every one of those things...every one! So when you try to hurl that label at my feet, 'Liberal,' as if it were something to be ashamed of, something dirty, something to run away from, it won't work, Senator, because I will pick up that label and I will wear it as a badge of honor."
-- Matt Santos, The West Wing